What are the main problems bitcoiners face? - page 4.

Selly Arumsari

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Quote from: KingTylerVVS on November 22, 2016, 06:31:18 AM

I am conducting a sort of survey on what we all see as problems in the bitcoin community.

I hope to spark an open discussion that eventually reaches a consensus.

We should probably focus on only the top 7, or maybe top 10, 5 etc...

What are the MAIN problems you face, or you have seen others face, with bitcoin?

I will list what I think are the top problems. NOTE that these are my personal opinions...
1. Still not adopted by enough of the masses to appear in local businesses
2. Too many god damn scam websites,
3. Coinbase closed my account for no reason, a law should exist to prevent businesses denying individuals key services
4. Coinbase currently is the only way to automatically send RECURRING bitcoin payments - recurring transactions a must
5. no transparent, openly white hat bounty hacker police for problem #2 - an internet police white hat hacker network would be nice

"Identifying problems leads to solutions to those problems.
I have the passion and drive to find people who can solve said problems.
Thank you for any input you may have to offer. Long live Bitcoin!"
~ The King

for me , i not yet having problems so far because i am new to in bitcoin .. my trouble when i first knew bitcoin is What should I do with bitcoin
but thanks for share your proplem this is add my knowlegde about bitcoin.

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Quote from: outatime1 on November 26, 2016, 11:40:40 PM

One problem is that there are exchanges that scam customers or just go out of business. If they take our bitcoins, there is little recourse to go after the sites to get out bitcoins back. The authorities have a hard time finding the people guilty or recovering the bitcoins.

It's not a problem, there's a lot of exchange sites that are reputable and that is the only solution to your problem. Trust your money with them.

outatime1

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One problem is that there are exchanges that scam customers or just go out of business. If they take our bitcoins, there is little recourse to go after the sites to get out bitcoins back. The authorities have a hard time finding the people guilty or recovering the bitcoins.

xypos

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Quote from: Milkduds on November 26, 2016, 07:03:40 PM

I hate to say this comparison because I make it a lot...Online Poker started to die once people started to learn how may of the regulars cheated and the issues stacked from there.
You look at bitcoin and the multitudes of scammers on here and in the bitcoin poker scene and you have a issue of perception. Till people see some good coming out of the scene it is destined to wallow in its filth till some one steps up.

Definitely... Bitcoin scammers are so plentiful out there in the bitcoin world that there is really sometimes no difference between a scammer and a legit user, and it is pretty hard to pick out whom is whom.

But anyways, this is because of bitcoin's irreversibility. Scammers love that.

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I hate to say this comparison because I make it a lot...Online Poker started to die once people started to learn how may of the regulars cheated and the issues stacked from there.
You look at bitcoin and the multitudes of scammers on here and in the bitcoin poker scene and you have a issue of perception. Till people see some good coming out of the scene it is destined to wallow in its filth till some one steps up.

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Quote from: agamasrori on November 26, 2016, 06:35:04 PM

Quote from: john2231 on November 26, 2016, 06:19:39 PM

Well in my experience i face some pending sending and receive like few days ago when i was receiving my signature payment for week for 0.0147 with fee of 0.0001 satoshi and it takes a day before i receive it. this is always happening because of some wallet like coinbase you can not edit or manuallypay a fee for your transaction that can result sometimes of delay..
Also as a bitcoin user i am still not satisfied the fees this days because i experience to pay $1 in small transaction.. because the size of transaction is above 1mb,,
I hope it can be change in the future.. because we are using bitcoin because of low fee..

I agree, that is the obvious problem of using bitcoin. Cutomers are need fast and practicaly transaction. People will not like to wait and stand in supermarket although only 10 minute. I hope this problem can be solve soon.

the merchant just need to accept the transaction by zero confirmation. simply checking out the fees given and be sure to be above minimum requirements. no double spend at the time by checking the address' transaction. everything would be fine and there's no need to wait since it's obviously zero confirmation

agamasrori

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Quote from: john2231 on November 26, 2016, 06:19:39 PM

Well in my experience i face some pending sending and receive like few days ago when i was receiving my signature payment for week for 0.0147 with fee of 0.0001 satoshi and it takes a day before i receive it. this is always happening because of some wallet like coinbase you can not edit or manuallypay a fee for your transaction that can result sometimes of delay..
Also as a bitcoin user i am still not satisfied the fees this days because i experience to pay $1 in small transaction.. because the size of transaction is above 1mb,,
I hope it can be change in the future.. because we are using bitcoin because of low fee..

I agree, that is the obvious problem of using bitcoin. Cutomers are need fast and practicaly transaction. People will not like to wait and stand in supermarket although only 10 minute. I hope this problem can be solve soon.

john2231

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Well in my experience i face some pending sending and receive like few days ago when i was receiving my signature payment for week for 0.0147 with fee of 0.0001 satoshi and it takes a day before i receive it. this is always happening because of some wallet like coinbase you can not edit or manuallypay a fee for your transaction that can result sometimes of delay..
Also as a bitcoin user i am still not satisfied the fees this days because i experience to pay $1 in small transaction.. because the size of transaction is above 1mb,,
I hope it can be change in the future.. because we are using bitcoin because of low fee..

illyiller

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Quote from: bluefirecorp on November 26, 2016, 04:19:07 PM

i think decreasing of bitcoin price is the main reason because if someone buy bitcoin in huge amount and then hold it for high price and suddenly the bitcoin price drop to half value then they will be get a big lost.

Decreasing price? Where are you -- stuck in 2014? Bitcoin is up something like 150% in the past year. I haven't been watching the market too closely, but every time I check the price, my portfolio has risen in value.

Hoping this isn't just a correction to the 2014 bear market, and we continue on the march towards $1000....

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Quote from: prabowo96 on November 26, 2016, 05:53:08 PM

People that associate bitcoin with easy money.

Other day I saw a scheme where the guys plotted a lot of cars with the bitcoin logo and they are a ponzi scheme that "sell" hair products or something like that, imagine it for a people that never saw bitcoin what, just weird.

The main problem of bitcoiners is not the system but rather the greedy selfish people who will to try to rob you of your account and bitçoin. This issue is really big since scammers account hijackers profile stealers will not only steal your bitcoin but might also destroy your reputation and take out your source of income

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One of the problems that I face (and maybe some of the bitcoiners here as well) is the availability of people willing to sell the items I need in exchange for bitcoins. Most of the people I asked to buy things from in exchange for bitcoins either believe that I'm a scammer or bitcoin itself is a scam. It's nuts, like before I could use my money, I would need to convert it to fiat first. :/

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People that associate bitcoin with easy money.

Other day I saw a scheme where the guys plotted a lot of cars with the bitcoin logo and they are a ponzi scheme that "sell" hair products or something like that, imagine it for a people that never saw bitcoin what, just weird.

bluefirecorp

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i think decreasing of bitcoin price is the main reason because if someone buy bitcoin in huge amount and then hold it for high price and suddenly the bitcoin price drop to half value then they will be get a big lost.

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Quote from: 1Referee on November 26, 2016, 08:12:59 AM

Quote from: Potato Chips on November 26, 2016, 07:58:14 AM

There are many problems that most bitcoiners face but the most common one is the very few number of companies who accepts bitcoin as a payment and also the people who are aware of it are also limited.

My prediction is in the future, bitcoin will be recognized by many people and many companies will accept it as a mode of payment.

It basically doesn't really matter whether or not a lot businesses are accepting Bitcoin as payment option. People don't have much incentive to spend their coins as they treat Bitcoin far more as an investment tool rather than a currency tool. In that regard, even if there is a huge influx of businesses accepting Bitcoin in the coming years, they will notice that this payment option will not see much usage. Especially when you consider that the average joe type of people mostly give the prefference to PayPal and Mastercard & Co when it comes to completing purchases. Demand will come from people looking to escape the governmental/banking system, people looking for an investment, store of value, etc.

This is only partially true

First, we don't know that for sure. Personally, I would rather keep my bitcoins than spend them on trifle things and food (and advise everyone to do the same). There is fiat and bank cards that I'm quite happy with for the most time as of now. But not all people are like me, though I heavily suspect that many are. Second, the first doesn't actually matter. Bitcoin as a means of payment used by merchants and businesses would make sense only if the loop is closed. So even if they start accepting payments in bitcoins but convert the proceeds later back to fiat, this won't change a thing in the end. On the other hand, if businesses start paying their own bills as well as wages with bitcoins, those who receive these bitcoins will most likely use them as a means of payment, not as an investment vehicle. And that seems to be the crux of the matter

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Quote from: Potato Chips on November 26, 2016, 07:58:14 AM

There are many problems that most bitcoiners face but the most common one is the very few number of companies who accepts bitcoin as a payment and also the people who are aware of it are also limited.

My prediction is in the future, bitcoin will be recognized by many people and many companies will accept it as a mode of payment.

It basically doesn't really matter whether or not a lot businesses are accepting Bitcoin as payment option. People don't have much incentive to spend their coins as they treat Bitcoin far more as an investment tool rather than a currency tool. In that regard, even if there is a huge influx of businesses accepting Bitcoin in the coming years, they will notice that this payment option will not see much usage. Especially when you consider that the average joe type of people mostly give the prefference to PayPal and Mastercard & Co when it comes to completing purchases. Demand will come from people looking to escape the governmental/banking system, people looking for an investment, store of value, etc.

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There are many problems that most bitcoiners face but the most common one is the very few number of companies who accepts bitcoin as a payment and also the people who are aware of it are also limited.

My prediction is in the future, bitcoin will be recognized by many people and many companies will accept it as a mode of payment.

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Lot scamming websites coming into existence with the name of bitcoin. This doesn't make difference between the trusted website and the scam. Because of this lot has lost their hard earnings. Another thing is the acceptance, users feel convenient with bitcoin for all their transaction and shopping, but lot time and adoption is required to make it mainstream and get more acceptance among local businesses.

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Quote from: clickerz on November 25, 2016, 09:36:52 AM

Quote from: ardentvolcanoes on November 25, 2016, 01:49:46 AM

well that was the problem of other people on their own and not their problem on using bitcoin. bitcoin is not responsible in any lost of people who got scammed because bitcoin doesn't want these people to be scammed and those fraud to deceive other people.

Correct, and same with fiat there are also investment scam in real life. Too bad that with bitcoin you can not run after the perpetrators after they scammed you. Unlike in fiat that you can have some documents etc.

Since bitcoin is as good as cash, like cash we must be very careful also when dealing with HYIP especially with internet.

Some big time scammers have been caught in the end. For example, Bernard Madoff of the Wall Street fame ended up in prison sentenced to 10 years for allegedly stealing $65 billions from his clients, but many still managed to get away with it and their clients money. I haven't heard that anyone behind the notoriously known Nigerian e-mail scams had been caught and put behind the bars. That begs the question, namely, how often scammers in real life get caught to make such scams differ greatly from Bitcoin ones in this regard?

I guess the difference is inconsequential for the most part

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Quote from: ardentvolcanoes on November 25, 2016, 01:49:46 AM

well that was the problem of other people on their own and not their problem on using bitcoin. bitcoin is not responsible in any lost of people who got scammed because bitcoin doesn't want these people to be scammed and those fraud to deceive other people.

Correct, and same with fiat there are also investment scam in real life. Too bad that with bitcoin you can not run after the perpetrators after they scammed you. Unlike in fiat that you can have some documents etc.

Since bitcoin is as good as cash, like cash we must be very careful also when dealing with HYIP especially with internet.

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The main problems for us is the difficulty of bitcoin to convert it to fiat. Like in my age under 18, it's difficult for me to convert it. I need to go to some remittances or have a credit card to convert it which is very bothersome at my age. If i really need some cash i ask my friend who is also a bitcoiner too(older than me) to give me some cash and i'll exchange it with bitcoin.

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